Tuesday, July 1, 2008

Electronic Currrency

What is electronic currency? Electronic currency also can call as e-money, electronic cash, electronic money, digital money, digital cash or digital currency. It refers to money or scrip which is exchanged only electronically and this also involves use of computer networks, the internet and digital stored value systems. The examples of electronic currency are Electronic Funds Transfer (EFT) and direct deposit.
Example of corporation that provide E-micropayment systems is paystone.com. Paystone Technologies Corp. founded in 2001, is a private Internet payment and money transfer company keen to providing secure, easy, real time Internet transactions. It also provides an inexpensive online payment method without the risk of chargebacks from fraudulent credit card use. Paystone can efficiently handle small financial transactions (micropayments) as low as $0.25 which would also beneficial to its users.The ability to process micropayments opens a whole new world for entrepreneurs of all sizes. This makes a whole new range of content available to personal account holders. The large online merchant can also realize the full benefits of the Paystone solution to expand and increase the profitability of their business.

How it works for easy to buying products and content online?
Firstly is visit this website, http://www.paystone.com/ to sign up for free Paystone Personal Account. Then, load money into Paystone account from bank account either directly or through online or telephone banking bill payment option. After done it, can ready to buy items online from any merchant displaying the Paystone logo.

Secondly,visit to mircopayment demo to choose the content you would like to purchase then click buy. You will directed to a secure Paystone payment page. Then enter your email address and Paystoine password to confirm your purchase. The purcahse is complete and the content can now be accessed.

Thirdly, Paystone Technologies Corporation provide feature that anyone can send and receive money to and from e-mail address in a country that Paystone support or Cashing out the Paystone Account for transfer the money to bank account in many country or if have Paystone Express ATM card can withdraw cash at over 650,000 ATM machines worldwide.

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